National Newswatch

Pressure Mounts on Morneau to Ditch Canadian Pension Proposal

Oct 20 2017 — Josh Wingrove — Canadian labor groups are calling on Finance Minister Bill Morneau to kill a proposed law allowing so-called target benefit pension plans amid a deepening outcry over his personal finances. The finance minister introduced Bill C-27 a year ago to allow creation of the plans, which he advocated for as head of Morneau Shepell Inc., a […]

Nafta Collapse Would Hurt Regional Economy With Mexico Hit Most

Oct 19 2017 — Andrew Mayeda — The collapse of the North American Free Trade Agreement would likely damage yet not derail the continent’s economy and business models of global corporations. That’s the conclusion of economists trying to envisage life after the 23-year-old accord as increasingly tense negotiations over how to revamp it fuel speculation that President Donald Trump will follow through […]

Poloz Sees Canada Growth Moderating

Oct 15 2017 — Josh Wingrove — Canadian growth will moderate in the second half of the year, as the Bank of Canada remains in “intense data-dependent mode” in its consideration of whether to raise interest rates again at a time inflation is sluggish, Governor Stephen Poloz said.

North Korea’s top diplomat reportedly says Trump lit ‘fuse of war’

Oct 12 2017 — — North Korea’s foreign minister told Russian journalists that U.S. President Donald Trump lit the “fuse of war” when the U.S. president labeled Kim Jong Un as “Rocket Man” in a recent speech at the United Nations. Ri Yong Ho was quoted by the Tass news agency as saying Pyongyang will never hold talks over its […]

U.S. Demands Risk Scuttling Nafta Talks

Sep 29 2017 — — U.S. officials in Nafta negotiations are making proposals on battleground issues that Canada and Mexico would never agree to, intensifying doubts of reaching compromise on their tight timeline, according to three officials familiar with the talks. U.S. proposals on government procurement, textiles and fresh produce are seen by the Canadian and Mexican governments as red-line […]

UK PM May Asked Trump to Intervene in Boeing-Bombardier Dispute

Sep 12 2017 — — U.K. Prime Minister Theresa May asked U.S. President Donald Trump to intervene in a court dispute between Boeing Co. and Canada’s Bombardier Inc. over state aid, her office said. The request, made in a call with the president on Sept. 5, came as her government seeks to protect jobs at a Bombardier plant in Belfast, […]

Taxes and Budget Windfall on Trudeau Finance Chief’s To-Do List

Sep 5 2017 — Josh Wingrove — Summer break is over for Justin Trudeau’s government. It never really started for his finance chief. Trudeau’s Liberal Party lawmakers gather in British Columbia this week for something of a kickoff to the government’s fall agenda. Times are good. Trudeau continues to ride high in polls and Canada’s growth is leading Group of Seven nations.

Canada Inflation Target Under Review as Prices Undershoot

Aug 21 2017 — Theophilos Argitis — Less than a year since completing the last review of its inflation-targeting mandate, the Bank of Canada is starting to prepare for the next one in 2021. Consultations kick off in Ottawa on Sept. 14 with an invitation-only workshop of economists that will be webcast on the central bank’s website. It’s an early public start […]

Bannon Says He’s ‘Going to War for Trump’ After White House Exit

Aug 19 2017 — — Ousted White House chief strategist Stephen Bannon returned to the conservative Breitbart News website on Friday and said he’ll be “going to war” for President Donald Trump, vowing to intensify the fight he has waged against opponents of his brand of populist conservatism. “If there’s any confusion out there, let me clear it up: I’m […]

SNC Targets Canadian Projects as Trudeau’s Plan Gets Jump on Trump’s

Aug 8 2017 — — Canada’s biggest builder is keeping its focus at home even as U.S. President Donald Trump pledges to ramp up infrastructure spending next door. SNC-Lavalin Group Inc. is bidding on projects such as light-rail lines in Ottawa and Toronto and a C$6 billion ($4.7 billion) rapid-transit system for Montreal, as Prime Minister Justin Trudeau follows through […]

Do No Harm in Nafta Talks, Canadian Businesses Tell Trudeau

Aug 3 2017 — Josh Wingrove — The Canadians with the most to lose in Nafta negotiations have a message for Justin Trudeau: Don’t let Donald Trump blow the thing apart. Key industry groups, companies and stakeholders are urging the prime minister to “do no harm” to the North American Free Trade Agreement while seeking updates on labor mobility, rules of origin […]

Canada’s Growth Boom Is Trudeau’s Boon, For Now

Jul 31 2017 — — Canada’s economy is booming, and that’s good news for Justin Trudeau. The question is whether it can last until the next election. Growth in May beat all forecasts, a 4.6 percent expansion on a yearly basis that was the fastest in 17 years. Canada is forecast to lead the Group of Seven in growth this […]

Trudeau Officials Fear the Impact of Speedy Poloz Hikes

Jul 27 2017 — Josh Wingrove — Officials within Prime Minister Justin Trudeau’s government are concerned the Bank of Canada is moving too quickly to raise interest rates, fearing higher borrowing costs could inadvertently trigger a downturn. Governor Stephen Poloz raised the central bank’s key overnight rate this month for the first time since 2010, and another increase is expected by the […]